Pro-Privatization Economist Chosen to Head Petrobras in Brazil

Economist Roberto Castello Branco is in favor of privatizing not only part of the country’s oil giant but also other state-owned companies.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s future economy minister, Paulo Guedes, confirmed on Monday the name of economist Roberto Castello Branco as Petrobras’ new president. President-elect, Jair Bolsonaro, told reporters that his administration may privatize part of the state-owned company.

According to Bolsonaro Petrobras is a strategic company for Brazil but ‘some parts we may privatize’. "We're talking, I'm not an inflexible person, but we have to have a lot of responsibility to carry out a plan like that," said Monday in Brasilia.

Last week, incoming vice-president, Hamilton Mour . . .

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